Financial Statements formats
Statement of Profit and loss and other comprehensive income
Best ever
company
Statement of Profit and loss and other comprehensive income
For the
year ended 28
February 2021
2021
R
Net Sales 200 000
cost of sales - 80 500
Opening Inventory 50 000
Plus purchases 62 000
any
Minus purchase returns -
2000
Minus closing 30 000
Inventory
-
Gross profit 119500
Other Income 7 800
Rent received 7500
Credit losses recovered 300
Operating expenses 88748
Credit losses 4575
Repairs 6780
General expenses 37315
Salaries 12 500
Depreciation 26928
650
Stasionary
Financial cost 4415
Bank interest paid -
315
Interest on Loan -
3608
Interest on investment 500
Net profit (gross profit + income -
Expenses I Financial cost) 34137
Statement of Profit and loss and other comprehensive income
Best ever
company
Statement of Profit and loss and other comprehensive income
For the
year ended 28
February 2021
2021
R
Net Sales 200 000
cost of sales - 80 500
Opening Inventory 50 000
Plus purchases 62 000
any
Minus purchase returns -
2000
Minus closing 30 000
Inventory
-
Gross profit 119500
Other Income 7 800
Rent received 7500
Credit losses recovered 300
Operating expenses 88748
Credit losses 4575
Repairs 6780
General expenses 37315
Salaries 12 500
Depreciation 26928
650
Stasionary
Financial cost 4415
Bank interest paid -
315
Interest on Loan -
3608
Interest on investment 500
Net profit (gross profit + income -
Expenses I Financial cost) 34137
